Harvey Investment Co. LLC Has $4.90 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Harvey Investment Co. LLC trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,019 shares of the industrial products company's stock after selling 16,323 shares during the period. Harvey Investment Co. LLC owned about 0.06% of Donaldson worth $4,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DCI. Boston Trust Walden Corp raised its position in shares of Donaldson by 1.5% during the 4th quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company's stock worth $184,045,000 after purchasing an additional 42,365 shares during the last quarter. Chevy Chase Trust Holdings LLC acquired a new position in shares of Donaldson during the 4th quarter worth approximately $765,000. Trust Point Inc. acquired a new position in shares of Donaldson during the 4th quarter worth approximately $374,000. Blue Trust Inc. raised its position in shares of Donaldson by 65.5% during the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company's stock worth $45,000 after purchasing an additional 298 shares during the last quarter. Finally, Values First Advisors Inc. raised its position in shares of Donaldson by 2.1% during the 4th quarter. Values First Advisors Inc. now owns 28,566 shares of the industrial products company's stock worth $1,867,000 after purchasing an additional 600 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Thomas R. Scalf sold 3,027 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $73.09, for a total transaction of $221,243.43. Following the completion of the sale, the president now directly owns 34,334 shares of the company's stock, valued at approximately $2,509,472.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Thomas R. Scalf sold 3,027 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $73.09, for a total transaction of $221,243.43. Following the completion of the sale, the president now directly owns 34,334 shares of the company's stock, valued at approximately $2,509,472.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ajita G. Rajendra sold 18,700 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $73.51, for a total transaction of $1,374,637.00. Following the sale, the director now directly owns 41,961 shares of the company's stock, valued at $3,084,553.11. The disclosure for this sale can be found here. Insiders sold 79,407 shares of company stock valued at $5,817,942 in the last ninety days. Company insiders own 2.58% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DCI. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 7th. Morgan Stanley began coverage on Donaldson in a research report on Monday, January 8th. They set an "underweight" rating and a $59.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $64.75.

Donaldson Trading Up 0.5 %

DCI stock traded up $0.35 during midday trading on Friday, hitting $74.48. The stock had a trading volume of 532,466 shares, compared to its average volume of 511,577. The firm has a market cap of $8.97 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $75.44. The company's 50-day moving average price is $70.30 and its 200 day moving average price is $64.59.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $876.70 million during the quarter, compared to analysts' expectations of $874.34 million. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. Donaldson's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. On average, equities research analysts predict that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were paid a $0.25 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.00 annualized dividend and a yield of 1.34%. Donaldson's payout ratio is currently 32.57%.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.